Hero MotoCorp Limited has confirmed that it holds 11,50,83,252 equity shares in Ather Energy Limited without any encumbrance as of the financial year ended March 31, 2026. The declaration, submitted on April 08, 2026, assures the exchanges and stakeholders that the promoter has not pledged or created any charge, directly or indirectly, on these shares during FY26. This disclosure is significant as it indicates the promoter's holding remains free from liabilities that could impact corporate control or voting rights.

The filing was addressed to the National Stock Exchange of India Limited, BSE Limited, and the Audit Committee of Ather Energy Limited . It was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any encumbrance on their shareholdings to ensure transparency in ownership structures.

Shareholding Details

The following table outlines the shareholding details disclosed in the filing:

The confirmation was signed by Prabhat Singh, Company Secretary & Compliance Officer of Hero MotoCorp Limited. The document explicitly states that no encumbrance was made on the shares during the specified financial year.

Ather Energy has incorporated a wholly owned subsidiary, Ather Insurance Limited, on May 27, 2026, to enter the insurance sector as a corporate agent. The new entity will focus on offering and facilitating insurance policies, marking the company's expansion into financial services. The subsidiary was established in India with 100% ownership held by Ather Energy .

The incorporation follows a Board decision made earlier, as intimated to the exchanges on December 19, 2025. The primary objective of Ather Insurance Limited is to operate as a corporate agent within the insurance industry. While no specific governmental approvals were required for the incorporation itself, the company must secure necessary clearances from the Insurance Regulatory and Development Authority of India (IRDAI) before commencing business operations.

Ather Energy subscribed to 100% of the initial paid-up share capital of the subsidiary through cash consideration. The shares were subscribed at a face value of ₹10 per share. The disclosure was made to the National Stock Exchange of India and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of Ather Insurance Limited